The cryptography market is in trouble at the moment and all the main cryptos are in red. However, Ethereum (ETH) is one of the hardest because of ICO's massive sell-off of Ether. The drastic decline in Ethereum (ETH) is also exacerbated by the fact that it has been slow to implement much needed scaling solutions such as Sharding. Ethereum is still a year or two away from creating a viable scalability solution. With these challenges for Ethereum, Cardano (ADA) could beat Ethereum by market capitalization? Well, following the current market dynamics, the probability that Cardano has beaten Ethereum (ETH) on the market is quite high. Here because.
- The Ethereum selloff ICO
The first reason Cardano outdid Ethereum is the greater pressure on the price of Ethereum. Unless the ICOs stop selling Ethereum (ETH), the downward pressure on Ethereum will continue for some time. According to some estimates, if ICOs continue to sell at the current rate, Ethereum could test lows below $ 50. While this is an extreme possibility, it could damage the market capitalization of Ethereum with a major problem. Cardano (ADA) on the other hand does not have such problems around it. On this basis alone, it could easily bypass Ethereum by market capitalization.
- Technical Superiority
Ethereum (ETH), like Bitcoin (BTC), has a serious scalability problem that has yet to be solved. This is reflecting more and more on its price. As mentioned earlier, getting solutions to this problem takes time and the markets become impatient. This is a problem that Cardan does not have. Cardano is a highly scalable project thanks to Ouroboros. Ouroboros is the scientifically peer-reviewed Proof-of-Stake mining algorithm. This not only makes Cardano efficient but also highly scalable. This initial advantage could Cardano see it get up for adoption for the development of complex applications for real businesses. This could see the increase in the value of Cardano (ADA) and possibly exceed the Ethereum (ETH) by market capitalization. However, on the technical aspects of the project, Ethereum wants to move from the Job Test to the Pole Test. However, this is not an easy process and may not necessarily be successful. It is incomparable for Cardano (ADA), who has chosen POS since the beginning and has perfected it through many scientific researches. This could play a huge role in getting Cardano up compared to Ethereum (ETH).
- Potential future gains
By comparing Cardano (ADA) and Ethereum (ETH) in terms of potential earnings, Cardano (ADA) has a good potential to deliver more gains. This is because it is technically superior and has a much lower price than Ethereum (ETH). This aspect of Cardano (ADA) makes it a more attractive purchase, and once the bear escapes, Cardano could easily overcome Ethereum (ETH) in terms of price gains and overcome it by market capitalization.
Moving on to the above, it is clear that Cardano has a better future than Ethereum (ETH). Cardano (ADA) could be the Dapps platform that brings blockchain technology to the next level. Its intrinsic potential is the use is enormous.